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by JumpCrisscross 2951 days ago
> The free market has no incentive to solve the problem

My New York City neighborhood's commercial association felt incentivized to solve the problem. It finances outreach, education and relocation (to shelters) efforts to keep the neighborhood pleasant. In any case, a large part of the problem is created through voters enacting silly housing restrictions.

1 comments

Oh, has NYC solved the homeless issue through those commercial associations?

The free market certainly does some good, but it's never gonna solve the problem in full. If it could, it already would have.

You asserted "the free market has no incentive to solve the problem." I responded with a counterfactual. The broader assertion, that the free market will solve the problem, was not made until now. I agree with you on that.
Fair, I should've said that the market is only weakly incentivized.